Reddit Raises $50 Million in Funding, Promises To Share 10% With Its Users

by Matt Southern
Reddit announced this week that they have just closed a $50 million round of outside funding lead by investor Sam Altman, with participation from Alfred Lin of Sequoia Capital and Marc Andreessen of Andreessen Horowitz. It’s interesting to note that Altman is the President of Y Combinator, the incubator responsible for helping with the launch of Reddit.Read the full article